Wall Street brokerages predict that VICI Properties Inc (NYSE:VICI) will post earnings of $0.38 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for VICI Properties’ earnings, with estimates ranging from $0.37 to $0.38. The firm is expected to issue its next earnings results on Thursday, November 1st.

According to Zacks, analysts expect that VICI Properties will report full year earnings of $1.50 per share for the current fiscal year, with EPS estimates ranging from $1.49 to $1.51. For the next fiscal year, analysts expect that the firm will post earnings of $1.72 per share, with EPS estimates ranging from $1.70 to $1.76. Zacks’ EPS averages are a mean average based on a survey of research firms that cover VICI Properties.

VICI Properties (NYSE:VICI) last posted its earnings results on Thursday, August 2nd. The company reported $0.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.01. The firm had revenue of $221.00 million during the quarter, compared to analyst estimates of $214.19 million.

Several analysts have weighed in on the company. Wells Fargo & Co assumed coverage on VICI Properties in a report on Wednesday, July 11th. They issued a “market perform” rating and a $22.00 target price on the stock. Nomura assumed coverage on VICI Properties in a report on Wednesday, September 26th. They issued a “buy” rating and a $29.00 target price on the stock. Zacks Investment Research raised VICI Properties from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a report on Friday, June 22nd. Morgan Stanley increased their price objective on VICI Properties from $22.00 to $23.00 and gave the company a “hold” rating in a research note on Tuesday, July 24th. Finally, Citigroup decreased their price objective on VICI Properties from $22.00 to $21.00 and set a “hold” rating on the stock in a research note on Thursday, August 9th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. VICI Properties presently has an average rating of “Buy” and an average target price of $22.83.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Canyon Capital Advisors LLC purchased a new position in VICI Properties during the first quarter worth about $821,369,000. Allianz Asset Management GmbH purchased a new position in VICI Properties during the first quarter worth about $521,813,000. BlackRock Inc. purchased a new position in VICI Properties during the first quarter worth about $178,617,000. HG Vora Capital Management LLC purchased a new position in VICI Properties during the first quarter worth about $125,492,000. Finally, Daiwa Securities Group Inc. purchased a new position in VICI Properties during the second quarter worth about $115,072,000. 99.79% of the stock is currently owned by institutional investors and hedge funds.

VICI Properties stock traded up $0.01 during trading hours on Monday, hitting $20.64. The stock had a trading volume of 1,531,697 shares, compared to its average volume of 2,827,726. The company has a debt-to-equity ratio of 0.67, a current ratio of 152.87 and a quick ratio of 152.87. VICI Properties has a 1-year low of $17.58 and a 1-year high of $22.99.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 11th. Investors of record on Friday, September 28th were paid a dividend of $0.2875 per share. The ex-dividend date was Thursday, September 27th. This represents a $1.15 dividend on an annualized basis and a dividend yield of 5.57%. This is a positive change from VICI Properties’s previous quarterly dividend of $0.26.

About VICI Properties

VICI Properties Inc, an asset real estate investment trust, owns, acquires, and develops gaming, hospitality, and entertainment destinations in the United States. It operates through two segments, Real Property Business and Golf Course Business. The company's property portfolio includes 20 gaming facilities comprising approximately 36 million square feet, as well as approximately 14,500 hotel rooms, 150 restaurants, bars, and nightclubs.

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